Shadow money without a central bank
Towards a theory of monetary time
Central banks
Saudi Arabia and UAE race to buy computer chips
US retailer earnings reports send mixed messages on consumer spending
Artificial intelligence
China’s central bank steps up defence of renminbi
Currency weakens as concerns mount over health of world’s second-largest economy
Central banks
Fight for Brazil chemicals group Braskem draws in foreign bidders — and Lula government
Latin America’s largest petrochemicals producer has attracted bids from Apollo and Abu Dhabi state-run oil company
Chemicals, Mergers & Acquisitions
Hayfin raises €6bn to lend to European companies
London-based firm attracts investors despite dealmaking slowdown
Mergers & Acquisitions
Soho House teams up with Michael Milken to bring The Ned to Washington
London-based group partners with ‘junk bond king’ on club adjacent to the White House
Travel & leisure industry
Grab your popcorn: the Sculptor hedge fund saga continues
Plus, a private equity investor looks to sell its stake in scandal-hit UK children’s care homes and Soho House makes a play in Washington
Mergers & Acquisitions
Bid for US Steel promises national security through consolidation
Cleveland-Cliffs’ $10bn proposal would build scale but raise competition worries
Mergers & Acquisitions
Japan’s core inflation slows as energy prices fall
July price growth hits 3.1% in data that supports Bank of Japan’s caution on unwinding monetary policy
Central banks
Councils in England pressed to allow pubs to open early for World Cup final
Lionesses’ Sunday morning clash with Spain means licensing extensions should be fast-tracked, says Gove
Travel & leisure industry